Claremont/Lynfrae houses selling fast, and for top prices

The Cape Town property market continues to be the standout performer, consistently outpacing national averages in sales and house price growth. Areas such as Claremont/Lynfrae in particular have seen slightly stronger performance this year compared to other areas.

The convenient location, access to top-tier schools, proximity to the University of Cape Town, and well-maintained infrastructure being strong drivers of the demand for homes with properties often selling faster and closer to asking prices.

For the period January to July 2025, Propstats data shows a total of 36 houses sold for the combined value of almost R178 million (R177,961,000). The average sale price for this year stands at around R4.9 million (R4,943,361) which is slightly up compared to the first half of 2024.

As a result, sellers have achieved excellent prices with the average gap between asking and selling prices lower compared to last year, now standing at just 2.4%. However, almost 60% of sales were concluded for even closer to the asking price with 11 sales for just about or the full asking price.

The time that it takes to sell a property is also faster this year and now stands at just 20 days (3 weeks) on average. In fact, over 70% of properties sold at an even faster pace than this with a number of sales concluded within just one day to a week.

Sellers have achieved excellent prices with over 40% achieving over R5 million including four sales concluded for over R7 million ranging to a highest price of R8,895m (at almost full price, concluded by Seeff's area specialist, Belinda Keys).

Belinda currently holds around 28% market share and has delivered even better results for sellers as illustrated by the exceptional 10 sales already concluded this year, with at least half sold at a much faster pace than the market average. Two sales were concluded for the full asking price. As noted, Belinda also achieved the highest price for the year so far at R8,895 million.

The sales success is largely due to Belinda's long-standing experience in the area and insight into what buyers are looking for. She says there is huge demand right now with almost nothing to sell, and a waiting list of buyers which presents an outstanding opportunity for sellers. The latest rate cut will no doubt add further to the demand, and now is the time to sell.

If you are thinking of selling, please contact Belinda today for a no-obligation assessment of your property, and let's get you moving!

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